Macquarie Group Moves Deeper Into Renewables

first_img FacebookTwitterLinkedInEmailPrint分享Australian Financial Review:When shares in Macquarie Group came within a whisker of cracking the $100 mark on Friday it was a sign of the growing market confidence that its 14,000 employees in 27 countries would continue to prove adept at making humungous amounts of money. Macquarie stock hit an intra-day high of $99.75 on Friday, about 50¢ higher than the previous record high set in May 2007.The move toward $100 a share comes soon after Macquarie employees sent a clear message to chief executive Nicholas Moore to direct the bank’s energies toward servicing a low-carbon economy.Employees were asked where the best money-making opportunities would be in the years ahead. They came back with three words – renewables, infrastructure and technology.In calendar 2016, the total amount of new investment in renewable energy projects in the world was $US240 billion, according to Tim Bishop, who heads Macquarie Capital. He said that outstripped the $US180billion invested in all other infrastructure projects in the world including rail, ports and airports.Bishop says the growth rates baked into renewable expansion are hard to comprehend. Macquarie’s own forecasts are for $US1 trillion in investment in renewables infrastructure over the next five years. Bishop says about $US600 billion of this will be in Asia.Earlier this year a Macquarie-led consortium comprising Macquarie Group, Macquarie European Infrastructure Fund 5 and Universities Superannuation Scheme completed the acquisition of the UK Green Investment Bank from the British government for £2.3 billion.Bishop says this acquisition was a turning point for Macquarie in Europe because it not only acquired one of the region’s largest group of bankers with expertise in renewables it got control of a pipeline of renewable projects.If Macquarie plays its cards right it could well become the global leader in financing green infrastructure projects using a combination of debt and equity. This would give it a distinctive differentiation from other investment banks in the United States, Europe and Asia.To be brutally honest these banks are caught up with traditional business models focused on high-risk trading in financial markets and fighting to win the next M&A transaction. Macquarie has an opportunity to dominate the renewable energy space because of its unique business model. That model has evolved rapidly since the global financial crisis.Its specialist alternative asset manager, Macquarie Infrastructure and Real Assets, is a leading renewable energy investor. Since 2010 it has invested or arranged about $15 billion of investment into renewable energy projects.Moore says that the past 12 months has seen a tipping point in the relative attractiveness of renewable energy.“There’s a number of important landmarks that we’ve seen in recent times that really shows that green energy is coming into its own,” he says. “There was an auction for offshore power in Germany in the last 12 months which was significant. This auction was for offshore wind power – wind farms built in the North Sea. We noted that the winner actually was with a zero subsidy from the government.”More ($): Macquarie Group sees big dollars in renewable energy investment Macquarie Group Moves Deeper Into Renewableslast_img read more

81% of Dominicans against legalization of same sex marriage

first_img Share LocalNews 81% of Dominicans against legalization of same sex marriage by: – May 21, 2012 Sharing is caring! Share Photo credit: topnews.aeWhile the President of the United States Barack Obama has openly supported the union of same sex marriage, the majority of Dominicans who participated in our recent poll are of the view that marriage should be sacred and between a man and woman.Dominica Vibes posted this question; “Should government support same sex marriages in Dominica” and an overwhelming 81% of our voters were opposed to that proposition.Over the past few years religious leaders have also shared their sentiments on that subject, focusing on homosexuality.Homosexuality is illegal in Dominica, though we have been a point of dock for a few “gay” cruises, one as recent as March which resulted in the arrest of two American citizens.Minister of Tourism Ian Douglass said Dominica does not market itself as a destination for people of any particular sexual orientation and there are laws governing the country, and it is expected that visitor will abide by them.12% of our readers however voted in support of the proposition for the government to legalize same sex marriage.This definitely remains a topic of interest which will continue to generate much debate and remain on the minds of citizens.The poll results are as follows:No (81%, 114 Votes)Yes (12%, 16 Votes)Indifferent (3%, 4 Votes)No Comments (3%, 4 Votes)Unsure (1%, 2 Votes)Total Voters: 140Dominica Vibes Newscenter_img 19 Views   no discussions Share Tweetlast_img read more

Peru set up Copa America final with Brazil after win over Chile

first_img Source: Bernard Esar | | Ghana The underdogs at the 2019 Copa America have proven themselves worthy of a final as they stunned Chile in the tournament.Los Incas shocked the defending champions as they beat them by three goals to nil in the second semifinal of the tournament.The Peruvians took the lead in the 20th minute of the first half thanks to a volley by Edison Flores.Yoshima Yotun doubled their tally after putting the ball into an empty net as Arias was nowhere to be found in goal.Chile were the better team in the second half but their efforts could not yield a goal.The captain of the side made it three and a perfect night for the side that no one expected to even make it this far in the continental Mundial. Brazil will fancy their chances against the surprise package of the tournament as they have already met in the group stages where the Samba Boys won by five goals to nil.last_img read more